India's leading manufacturer and marketer of Dye and Dye intermediates, on Tuesday, announced its diversification into benzene downstream products having capacity of 55,000MTPA and expansion of Sulphuric Acid & Derivatives having capacity of 3,40,000 MTPA at Saykha GIDC, Bharuch, Gujarat.
The above products will further enhance 'Specialty Chemicals Segment' for Bodal and will open new growth areas for the company as the company intend to further expand in Specialty Chemicals segment in the future.
Bodal, by setting up the integrated product chain at the plant will lead to cost efficiency, better productivity and high margins for the company.The company intend to start the project by end of January 2021, and it is expected to get completed by end of September 2022.
Total cost of the project including one-time infrastructure costs will be around Rs 3,450 million. Out of that, cost of Benzene downstream products will be around Rs 1,650 million and cost of Sulphuric Acid & Derivatives will be around Rs 1,250 million. At optimum utilization, the company expect these two projects to generate revenues of around Rs 4,000 million, it said.
